Uruguay: Industrial output growth jumps to 11-month high in September
November 11, 2019
Industrial production rose 4.3% in annual terms in September, accelerating slightly from August’s 4.1% increase and marking the strongest increase since October 2018.
Industrial output excluding refinery output increased 2.6% year-on-year in September, slowing from August’s 5.3% jump. Looking at a breakdown of the sub-components, marked increases in the production of food and drinks, petroleum and coal products, and paper and paper products led the overall expansion.
Meanwhile, annual average variation in industrial production fell from 0.7% in August to minus 0.1% in September, marking the first contraction since May 2018.
Author: Almanas Stanapedis, Economist